The red metal declined earlier after official statistics showed Chinese consumer prices down more than the median economist forecast.

The company is looking to either sell a minority stake or form a joint venture to help finance its Copper World project in the second half of 2024.

The company posted revenue of $38.4 million in the period.

Panama has been one of the fastest-growing economies in the Americas this century but expectations have also risen.

About 2,700 trucks carrying around 89,000 tons of copper had been stuck in Kolwezi after drivers went on a wildcat strike.

Over the LOM, the Marathon project is anticipated to produce 2.1 million ounces of palladium, 517 million lbs of copper, 485,000 ounces of platinum, 158,000 ounces of gold and 3,156,000 ounces of silver.

The commissioning of the secondary smelter in Augusta, Georgia, is planned for the second half of 2024.